We re-examine a model relating the stress (σ) dependence of the macroscopic magnetic properties (initial susceptibility χ
i, coercive field H
c, and effective anisotropy K
eff) to the domain structure and quenched-in stress field of an amorphous alloy. The model parameters (saturation magnetostriction λ
s, volume average of quenched-in stresses

, and strain-independent anisotropy K
o) are shown to self-consistently determine measured values of K
effThe evolution of these parameters for strain-relieving anneals of amorphous Co
75Si
15B
10and Co
71Fe
4Si
15B
10is examined.